XRP Price Death Cross Denied. Here’s What Just Happened

Recent movements in XRP’s price action have drawn attention, especially after a bearish signal failed to develop as anticipated. Traders closely watching for a potential death cross on the hourly chart were met with a different outcome, as the asset held steady and avoided a deeper downturn.The last death cross on XRP’s chart formed in March and caused a decline to $1.9166, the asset’s lowest price of 2025. However, the asset’s recent resilience and avoidance of this pattern have shifted focus back to consolidation and the possibility of a future breakout.Death Cross Signal Weakens as Price StabilizesA death cross typically suggests bearish sentiment, marked by the 50-period moving average crossing below the 200-period moving average. In XRP’s case, this formation began to emerge on the hourly chart, raising concerns among market participants expecting further downside.Source: TradingViewHowever, instead of accelerating lower, the asset began trading in a narrow range, hovering between its hourly 50- and 200-period moving averages near the $2.2 to $2.22 level. The asset’s market cap initially dipped below $130 billion on May 1 after a report of Ripple’s attempt to acquire Circle for $20 billion, but it recovered quickly and is now trading at $2.21, with a market cap of $129.46We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023This stabilization has temporarily neutralized immediate bearish pressure. The absence of a sharp decline after the initial setup indicates that sellers may be losing momentum. As a result, traders are now closely observing whether the digital asset will gather enough strength to move decisively in either direction.Daily Chart Reveals Critical Support RetestZooming to the daily timeframe, XRP showed resilience after a minor slip. On April 30, the asset reached a local low near $2.124 but recovered, pushing back above its 50-day simple moving average, which currently stands around $2.19. This level remains a key area to watch, as it has served as dynamic support during recent price action.If XRP fails to sustain its position above $2.19, renewed selling pressure could drag it back toward the $2.1 to $2 support zone. A breakdown below that range may bring bearish and lower support levels back into focus.The asset is currently above this crucial level, and holding above it could open the door for upward continuation, especially if bullish sentiment builds across the broader market. If XRP maintains its footing above the 50-day SMA, traders may target a climb toward the $2.5 to $2.65 region, with a longer-term objective around $3.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post XRP Price Death Cross Denied. Here’s What Just Happened appeared first on Times Tabloid.